Total Collapse In Russia’s Coal Industry Russia’s coal-mining regions are grappling with a sharp decline in budget revenues as coal companies face financial difficulties caused by the loss of export markets and reduced production. Finance Minister Anton Siluanov reported that profit tax revenues in the Kemerovo region, which accounts for 60% of Russia’s coal production and 80% of coking coal, have dropped by 59%. Similar declines have been observed in Buryatia and the Jewish Autonomous Region.